Stock Abbreviation: Sihui Fuji
Stock Code: 300852
Sihui Fuji Electronics Technology Co., Ltd.
Registered Address: Xiyalang, Longwan Village, Xiamiao Town, Sihui City
[Chart: Company Logo]
Issuance of A-Shares to Specific Targets
Prospectus
(Draft for Declaration)
Sponsor (Lead Underwriter)
Guolian Minsheng Investment Banking Company Limited
(No. 8 Puming Road, China (Shanghai) Pilot Free Trade Zone)
June 2026
Statement
The Company and all directors, members of the Board's audit committee, and senior management warrant that this Prospectus and other information disclosure materials do not contain any false records, misleading statements, or material omissions, and assume corresponding legal liability for their authenticity, accuracy, and completeness.
The Company's person-in-charge, the person-in-charge of accounting work, and the person-in-charge of the accounting department guarantee the authenticity and completeness of the financial and accounting data in this Prospectus.
Any decision or opinion made by the CSRC or the exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false and untrue representation.
According to the Securities Law, after the securities are issued in accordance with the law, the issuer is solely responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks arising from changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Important Matters Notice
The Company specifically reminds investors to pay attention to the following major matters or risk factors and to carefully read the relevant chapters of this Prospectus.
I. Risks Requiring Special Attention from Investors
The Company requests that investors carefully read the full text of the "Risk Factors" section of this Prospectus and pay special attention to the following risks:
(I) Risk of Project Returns Falling Short of Expectations
The Company's proceeds from this issuance will be used for the "New Project with Annual Output of 5.58 Million Square Meters of High-Reliability Circuit Boards — Annual Output of 600,000 Square Meters of High-Layer and HDI Circuit Boards (Phase I)". The project has undergone careful and sufficient feasibility study and argumentation, fully considering factors such as potential future product price declines, market competition, fluctuations in major raw material prices, and existing orders. It has been planned in conjunction with market demand, possesses good technical accumulation and market foundation, and is expected to generate good economic benefits. Upon reaching full production, the project is expected to achieve annual sales revenue of 1,092.06 million yuan (excluding tax) and total annual profit (pre-tax) of 119.3704 million yuan.
Although the Company has conducted a prudent feasibility analysis based on current domestic and international market environments, industry and technology trends, and product price and technical levels, the overall market environment and supply-demand relationship remain uncertain. If significant adverse changes occur in the macroeconomy, industrial policies, or market demand during the implementation of the project, or if industry overcapacity, intensified competition, major changes in technical routes, ineffective market expansion, or other force majeure factors occur, it may adversely affect the capacity digestion, product sales prices, and gross margins of the project, potentially leading to actual returns falling short of expectations.
(II) Risk of New Capacity Digestion